Real Estate

Sitting in Upper New York Bay, Governors Island is a 172 acre island just off the southern tip of Manhattan Island and set apart from Brooklyn by Buttermilk Channel. It’s considered part of the borough of Manhattan, and partially administered by the National Park Service, the rest of it is cared for by the Trust for Governors Island. The island is currently open to the public for several months of the year and currently accessible only by ferry from Brooklyn and Manhattan.

It is also a place where New York City Mayor Bill de Blasio plans to allocate resources and manpower for urban renewal. In a speech at Lehman College in the Bronx, the mayor stated that “millions of new square feet” will be made available on Governors Island for

A new federal government crackdown on money laundering in real estate deals has cast suspicion on over a quarter of the all-cash luxury home purchases transacted via shell companies in Manhattan and Miami, the Treasury Department revealed this past week. This discovery is prompting officials to expand the program to other sections of the United States.

Due to the widening effort to identify and follow the individuals behind shell companies, the New York Times reports there will now be more

Apparently, if you’re interested in buying a house in the boroughs of Brooklyn or Queens, you better not dawdle, or you could be out of luck soon. An increasing pace at the rate of which houses are being sold has been noted for both boroughs.

According to a quarterly report released by the largest real estate brokerage firm in New York City, Douglas Elliman, in Brooklyn alone, the “absorption rate” or speed at which houses were being sold was the quickest in at least eight years. The average sales

Mega real estate developer Bruce Ratner has been unusually successful in business, but his marital history has not been so rosy. Already divorced once, the 71-year-old Ratner is now facing a new breakup scenario – Pamela Lipkin, his wife of eight years, has filed for divorce.

According to the Daily News, the 64-year-old Lipkin, a noted plastic surgeon, filed papers in Manhattan Supreme Court last week to legally terminate her marriage to Ratner. The couple tied the knot in 2008 after he

The English referendum known as “Brexit,” which begins a process which will eventually separate England from the European Union, could mean an increase in business for New York real estate. It’s hoped that, with the economic turmoil being created by Brexit in England, investors will eventually turn to New York City as a safe haven to invest money.

Gary Barnett is an avid New York City residential developer. He is currently erecting what is expected to be the tallest tower in the Western